Pzena Investment Management LLC Reduces Stock Holdings in TE Connectivity Ltd. $TEL

Pzena Investment Management LLC reduced its stake in TE Connectivity Ltd. (NYSE:TEL) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,418,553 shares of the electronics maker’s stock after selling 50,033 shares during the period. TE Connectivity accounts for about 1.3% of Pzena Investment Management LLC’s holdings, making the stock its 26th biggest position. Pzena Investment Management LLC owned 0.82% of TE Connectivity worth $407,937,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Foresight Group Ltd Liability Partnership purchased a new position in shares of TE Connectivity during the first quarter worth approximately $31,983,000. Cambridge Investment Research Advisors Inc. grew its position in shares of TE Connectivity by 1.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker’s stock worth $2,479,000 after acquiring an additional 192 shares during the last quarter. Ascent Group LLC purchased a new position in shares of TE Connectivity during the first quarter worth approximately $364,000. Modern Wealth Management LLC purchased a new position in shares of TE Connectivity during the first quarter worth approximately $310,000. Finally, Valeo Financial Advisors LLC grew its position in shares of TE Connectivity by 39,846.0% during the second quarter. Valeo Financial Advisors LLC now owns 1,775,598 shares of the electronics maker’s stock worth $299,490,000 after acquiring an additional 1,771,153 shares during the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Weiss Ratings restated a “hold (c+)” rating on shares of TE Connectivity in a research report on Wednesday, October 8th. Bank of America increased their price target on TE Connectivity from $168.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 10th. Citigroup increased their price target on TE Connectivity from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, Truist Financial raised their target price on TE Connectivity from $156.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $219.92.

TE Connectivity Stock Down 3.6%

TEL opened at $214.55 on Monday. The stock has a market capitalization of $63.40 billion, a price-to-earnings ratio of 44.42, a price-to-earnings-growth ratio of 2.31 and a beta of 1.26. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $226.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. The business has a 50-day moving average of $210.41 and a two-hundred day moving average of $177.47.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.19. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The company’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 21st. TE Connectivity’s dividend payout ratio is presently 58.80%.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total value of $4,841,311.50. Following the transaction, the insider directly owned 25,976 shares of the company’s stock, valued at $5,272,868.24. This represents a 47.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Aaron Kyle Stucki sold 52,900 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the sale, the insider directly owned 23,667 shares in the company, valued at approximately $4,562,524.26. This represents a 69.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,545 shares of company stock valued at $25,040,158. Company insiders own 0.90% of the company’s stock.

TE Connectivity Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.